Myth: Cash value life insurance, like whole life, will help me retire wealthy.

Truth: Cash value life insurance is one of the worst financial products available.

Sadly, over 70 percent of the life insurance policies sold today are cash value policies. A cash value policy is an insurance product that packages insurance and savings together. Do not invest money in life insurance; the returns are horrible. Your insurance person will show you wonderful projections, but none of these policies perform as projected.

Myth: Cash value life insurance, like whole life, will help me retire wealthy.

Truth: Cash value life insurance is one of the worst financial products available.

Sadly, over 70 percent of the life insurance policies sold today are cash value policies. A cash value policy is an insurance product that packages insurance and savings together. Do not invest money in life insurance; the returns are horrible. Your insurance person will show you wonderful projections, but none of these policies perform as projected.